UK Stockmarket 2009 and beyond

sabretoothtigger

I was beginning to think down was not a valid direction, whys it changed today I wonder. Just because of the arab

[Deleted User]

Mmmm I sold half the equity holdings today. I kept the defensives but thought I would wrap up some profits on the others. I have already put limit buys in on all of them, a bit lower so that I get more shares for the same money. I sit with a calculator and work out a level I want to buy at and how many shares I would get after costs. I must admit I feel twitchy today and maybe it is the general feeling carried over from parliamentary turmoil. I don`t know. Many shares look as though they are the top of their range just now

Nothing wrong with getting some cash in the account anyway and I am 1/3 cash now

Its pretty difficult to see further than the hard right edge

tonygee_3

Wise move Kittie,funny how market sentiment can change so quickly.I find when everyone is shouting BUY BUY BUYthat is invariably the time to SELL!!
Think the falls today are largely down to the DOW
There will be buyers waiting so any sell off will prob be short lived.I too will be looking for opportunities to buy back in

sabretoothtigger

Might be a blip

UK stocks finished deep in the red as ex-dividends weighed on the market while commodities were also lower.

Vodafone, which has the fourth largest weighting in the FTSE 100 index, proved a millstone to the index as it traded ex-dividend, along with fellow constituents Cable & Wireless, Rexam, National Grid and AB F oods.

On the economic front, the Purchasing Managers Index Service Sector Survey rose in May to 51.7 from 48.7 in April. Economists had not expected the May reading to rise above 50 – the level which marks the crossover point between contraction and expansion.

http://www.digitallook.com/news/2813972/London_close_Markets_end_lower.html

tradetime

Light volume pullback imho, I agree with tonygee, unless volume picks up dramatically there will be plenty of buyers waiting for entries, it could be messy for a few days before a trend re-emerges.

[Deleted User]

My gut feeling is that the 3 month re-bound is over and we may soon see sub 4300

[Deleted User]

I have just been working out the percentages of everything in the sipp

27% fixed income (pibs and prefs)
34% equities 11 stocks and all bar 3 yielding on average 6.5% (no tax in the sipp)
39% cash

tradetime

kittie wrote: »

My gut feeling is that the 3 month re-bound is over and we may soon see sub 4300

You could be right Kittie, hope not though.

sabretoothtigger

Marc faber says we are in a paradox, the market will rise while value of the economy falls and because of this no new lows will happen now
The way past this risk might be to fully invest but go short on the dollar, sterling and/or euro depending where the shares are.

Ive no idea on currencies tbh so I think being overweight in foreign funds, commodities and exporting companies with income from eastern economies is a better risk.

If we do go down these will be less deserving of any set back and cash has its own risks


Just seems like this sideways movement has happened far too long now, it is not falling back significantly maybe because it really cant go down (nominally)

[Deleted User]

Back to scary scenario then, not wanting to miss the boat and not wanting to be in if it plummets again